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CSPAN
Dec 9, 2012 7:00am EST
until december 31 and will come back quickly on january 3 after we have gone over the fiscal cliff. guest: i suspect congress and the president to be around close to new year's eve. the probability is that rationality will prevail and the president and congress shall make a deal to avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll- call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. host: final word? guest: i think it is time to talk about the spending side. look at anyone trying to run a federal agency and they are being told the budget will be cut at 14% across the board beginning january 2. this is a ridiculous way to run a country. host: douglas holtz-eakin is the former director of the congressional budget office. stancollander thank you both for being with us. we will take a
CBS
Dec 5, 2012 6:30pm EST
gone very far and there are just 27 days before that so-called fiscal cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%. >> pelley: by 2%, he means individuals making more than $200000 and couples taking in 250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, ther there a code of silence the white house and
CSPAN
Dec 6, 2012 7:00am EST
ago, maybe 99, back in 1933 -- we faced a fiscal cliff. they could no longer pay the deficits. they were paying for the wars we were fighting. congress introduced the federal income tax. the federal reserve when from that. it was about taxing the wealthy. i had not considered this. that's no question president obama has a socialist leanings. he wants to redistribute wealth. i do. new line-- once this debate is over, the president may have a large agenda. that agenda is that the president wants a wealth tax. that would be different. it was all about it, in 1913. the president wants say wealth tax. that means you tax their assets and not their income. he talked about how mitt romney had these accounts of sure. if the tax the wealth of an individual, then they cannot do this by saying i want to have a wealth tax. he has to negotiate with republicans and couple it with a flat tax. we have to overhaul our tax system. i think that is what the president's intentions are. host: when is your review show broadcast -- when is your radio show broadcast and what do you talk about? us radio. is on serious rad we have gone into the situation where all we want
ABC
Dec 3, 2012 4:00pm PST
lot of faith in lawmakers trying to keep us from tumbling off the fiscal cliff. 22 occupation members of congress came in second to last just ahead of car sales people. 8% of the people polled gave car dwreerls a high rating for standards. members of congress received highest parks from just 10% of the surveyed. senators did a bit better. governors ranked 15th. nurses most trusted professionals followed by pharmacists and doctor autos california legislature welcomed it's largest batch of freshman lawmakers. 39 new legislateors sworn in at the state capitol today. joining a session. democrats have a super majority for the first time since 1883 in this state, holding 29 of 40 seats. john perez promised to reach out to republican minority. >> i want to state your krois vois is welcome, contributions desired and active services needed. >> early focus will be on a special session called next month to debate implementing the president's affordable health care achblgt san francisco and peninsula remembering a passionate public servant, mike nevin died of cancer after 27 years as a police inspector he entered
MSNBC
Dec 6, 2012 1:00am PST
-inflicted crisis that we're in right now. one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about incurring future debt. it's about the
ABC
Dec 2, 2012 5:00am PST
america's fiscal cliff is getting closer. can congress reach a deal in time to head off huge spending cuts and higher taxes for everybody? treasury secretary timothy geithner discusses potential impacts on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog cal
FOX News
Dec 7, 2012 4:00pm PST
the government cannot tax its way out oof this problem, shep. >> that's the fiscal cliff. now hurricane sandy and congress came up with some relief for folks who are still suffering, mike. >> that's right. president obama has asked congress for $64 billion in federal aid for new york, new jersey, and other states hammered by super storm sandy it would provide financial assistance to homeowners, businesses and local and state governments faced with the huge chore of cleaning up and rebuilding after the late october devastating storm. most new york and new jersey officials for the most part praised the request and asked congress to take quick action. speaker boehner's office says it has the paperwork and aides are reviewing it shep? >> shepard: good news. mike, turns out the super storm didn't effect the job market as much as the analysts were expecting. the labor department reported today and we learned that the unemployment rate dropped two tenths of a percent down to 7.7 last month and hiring apparently stayed steady after the storm. also while sandy cost the economy 10s of billions of dollars. the constructi
CSPAN
Dec 6, 2012 1:00am EST
will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. \[inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar deficits for as far as the eye can see. $16 trillion of debt on the books. every man, woman and child owing the american government $50,000 and that number is increasing every single year. as a result, our members understand that we've got to solve the problem, and we will. >> the house is going to leave today with
CNN
Dec 8, 2012 6:30am PST
congress gets past the fiscal cliff what you're going to start to see is there's been a groundwork laid for an economic renaissance in the united states, gas prices, natural gas prices have come down because we're finding so much of it and producing more oil. know there's a housing boom and there's been a resurgence in manufacturing. now the problem with manufacturing is not creating as many jobs. more manufacturing output but those are the areas we can concentrate on, energy, manufacturing and housing to create more jobs, and that's already kind of happening. government can only stand in the way of this right now by not getting the fiscal house in order. >> that's what's so important here because you want to see things looking forward, grow better than we have this year, the fiscal cliff in the way. republicans say if you raise taxes on the top 2% that will hurt small business and will kill jobs. talked to the ceo of fedex and he says, shall we say, there's mythology around that assumption. listen. >> the reality is the vast majority of jobs in the united states are produced by ca
SFGTV2
Dec 2, 2012 10:30pm PST
concerns of other social safety net as our congress is on the fiscal cliff and we're all bracing for hopefully good things to happen, as they've been happening in our world class city. so, i want to again thank salvation army for helping us be the world class city that we are, giving ourselves the world class heart that we always have. so, happy thanksgiving, everybody, and let's get to these nude turkeys. [laughter] (applause) >> thank you very much, mr. mayor. and thank you so much for being here. you can carve while i do some more talking here. if you'll pay attention to the marvelous things they're doing with the turkey carving. we have 6,000 pounds of turkey here, believe it or not, 1400 pounds of green beans, 1600 pounds of yams. it's been cooking for 4-1/2 days around the clock back in that lovely little kitchen of ours. and all that work did not disrupt the usual activities, 360 meals, 400 sandwiches for homeless people. they're still baking the brownies cakes and cookies. 300 delivery routes, 500 volunteers, 6100 meals to seniors and shut-ins. the meal, roasted turkey with s
CNBC
Dec 6, 2012 1:00pm EST
that fiscal cliff. in just a few minutes, the president makes his point of the day by visiting a middle class family to talk about tax cuts. >>> and on the hill, some members of congress left d.c. yesterday. we showed you the footage. they're on a long weekend. but key players are still there trying to hammer out a deal. eamon javers is on capitol hill with the latest on the negotiations for us. hi, eamon. >> hi, sue. just within the past couple of minutes here we've had a very high-stakes scuffle on the senate floor over the president's proposal to have unilateral authority to raise the nation's debt ceiling all on his own for the most part. mitch mcconnell, the republican leader, offered up the opportunity for the senate to have a vote on that. democrats said they would love to take him up on that. they say they have the votes to pass it at a 50-vote threshold. just within the past couple of seconds, mcconnell has said, no, in fact what he wants to see is a 60-vote threshold for that. it looks like that's not going to happen today. it almost happened just within the past couple of minutes but now with a 60-vote threshold the democrats don't have the vote to pass the new
FOX News
Dec 8, 2012 3:00pm PST
your family. thank you for joining us. and for much more on the fiscal cliff on fox news sunday chris wallace will sit down in an exclusive interview with democratic senator charles schumer and bob corker on fox news sunday. check your local listings for time. >> all of the talk about sausage makes me want to go out to 6th avenue and grab something from the vendors. >> the guy with the cart. >> i know. >>> coming up the latest job numbers show the unemployment rate dropping to its lowest levels in four years, but the number of people dropping out of the workforce remains high. so what is going on? we will break it down for you. >>- q. i and it has been 40 years since -- >> and it it has been 40 years since americans walked on the moon and now nasa is focused on other missions. a look at the private company that is planning the next moon shot. >> i understand that some believe we should attempt a return to the surface of the moon first. as previously planned. i just have to say pretty bluntly here, we have been there before. buzz has been there. >>> bottom of the hour and let's get you
CBS
Dec 4, 2012 4:00am PST
congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. so now that each side has rejected the other's first offer, it's going to be interesting and important to watch the timing of the next offer on the part of the white house to really try to figure out, terrell, how far both sides are willing to take us toward that cliff. >> and which side has the edge at this point. susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering information over the persian gulf when it was captured by iranian naval units. in 2011, iran brought down a cia drone. >>> at the united nations, the general assembly approved the resolution that calls on israel to open its nuclear facilities for inspection. the resolution calls on israel to join the nuclear nonprolivelation treaty. it's widely believed israel has a nuclear arsenal, but the israelis have never confirmed or denied they had nuclear weapons. >>> the u.s. is considering milita
FOX Business
Dec 2, 2012 8:00pm EST
have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as republicans raising taxes. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that is sort of like a lump of coal you get for christmas. >> congressional democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear thathe was supporting tax cuts for the middle-class, that he wanted the expiration of the tax cuts for the high end. >> very little progress among the inside player so far, the president plans to keep pressuring republicans from the outside. meeting with the nation's governors on tuesday and then addressing the business roundtable on wednesday. lou: thank you. ed henry, fox news chief white house correspondent. joining me now, a pulitzer prize-nning journalist, campaign strategists, former reagan political director of, veteran democrac campaign strategists. we thank you all for being here. let's tun, if i may, to you. this is an impasse, a stal i'
MSNBC
Dec 7, 2012 6:00am PST
would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i would say if you look deeply in this report the retail trade sector did quite well. that's a sign consumers are feeling more confident. and the last thing we need now is a big tax increase on the middle class to affect that consumer confidence. >> to the fiscal cliff here. one of the more intriguing parts of the story has been is it actually bad for the economy in the long run if we go over the cliff, and i want to quote back to you, the congressional budget office, their review of the fiscal cliff policies and they made a projection that while 2013, if all of the fiscal cliff things and all is enacted in congress and you do nothing to stop the tax rate increases for everybody, 2013 will be bad but by 2018 and 2020
FOX News
Dec 2, 2012 3:00am PST
off the fiscal cliff and the congress is blaming for inaction. >> it's unacceptable to hold the middle tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please
CBS
Dec 4, 2012 5:00pm PST
"fiscal cliff." they could lose funding if there's not a plan to stop automatic cuts. the dow was down 14 closing below 13,000. the nasdaq was down 5.5 points. the s&p 500 lost 2. >>> it's pay back time for a bay area politician accused of using his procurement card like a personal slush fund. santa clara county board president george shirakawa has been ordered to immediately repay nearly $13,000 in charges. that's after a scathing internal audit found he had been billing taxpayers for things like golf fees and rental car upgrades. shirakawa says he will return most of the money but is challenging some of the charges. >>> on the bay area watch san jose police are looking for the owners of 300 marijuana plants found this morning. it started as a robbery call on the east side of town. but when the officers got to this house, they found an elaborate grow operation but nobody living there. the estimated street value of the pot is about $125,000. >>> a house fire in petaluma lit up the night when firefighters arrived smoke and flames already shooting from the windows of a home on satur
CSPAN
Dec 10, 2012 12:35am EST
. going over the cliff would demonstrate that congress did not blank when they needed to make a substantial reduction in the deficit. would they say not going over the fiscal cliff is a good sign? you should prevent the economic downturn but put in a framework for better growth. when the s&p downgraded last year, -- we are still the most creditworthy countries. guest: we are continuing to look like the best looking worse than the glue factory. --horse in the glue factory. everyone says we are the best and we are fine but all sorts of countries get in trouble. this should not make people feel good about where we are. research success -- suggest we are in the zone where the risk is higher. i would prefer not to find out. guest: i'm not sure the ratings agencies are the ones which be taking our cur from, i don't know what their credibility is guest: i think their credibility remains open. i have credibility in rating government debt. i worry about them but the most important thing is if we got a substantial down grade, u.s. treasurys would no longer satisfy international banking re
FOX
Dec 6, 2012 7:00am PST
if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense industry projects one in five defense contracts in california would be lost. the aerospace industry is projecting that 135,000 department jobs would be cut along with 90,000 jobs for a total of about 225,000 jobs lost in california over the next few years. alison burns, ktvu channel 2 news. >>> 8:16. well, today will mark the 9 oth annual lighting of the national christmas tree. president obama and his family, they will flip a switch lighting that tree this evening. neil patrick harris, remember doogie howser? he will be hosting the event. james taylor and the fray will be among the group of perform. president calvin coolidge started this tradition back in 1923. >>> well, free flu shouts are offered for all bay area youth between the ages of 4 and 18 at pharmacies at most local target stores. the paige family foundation set up by larry paige and his wife, they are paying for those flu shots. the adults often get immunized at work. this program makes it e
FOX News
Dec 8, 2012 9:00am PST
thankful for the money and senators say it is it a tough fight in the congress given the fiscal cliff . members are not friendly to disaster relief. but the care has given a good head start. president obama signed an executive ordering the tax force . it will be shared by the secretary of housing and urban. >> and tough words from mike huckabee. when it comes to the bible. american is ignorant. >> news anchors and enterstain tainers who think they understand. they will have weird ideas about what the and. he goes on to say there is it a lack of understanding about who jesus is. is america bib biblically ignorant. i will read thos responses later in the hour. >> the economic forecast remains challenging . we'll see more unemployment lines in 2013. art lakker has more . rest sure there is home. reverend franklin talks about faith in the challenging times. >> reverend graham will joins live. stay with us. ♪ clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberr
CNN
Dec 9, 2012 5:00pm EST
boehner met with the president to discuss the officials of the fiscal cliff. we're just days before the congress and the white house has to hammer out a deal or everyone's going to suffer the consequences. emily, what have you learned about today's meeting? >> allison we know that today's meeting was not on the schedule today. so that means we have to rely on the word from the white house deputy press secretary and a congressional staffer which happens to be the exact same words. they released two separate statements, both identical and this is the statement. it says this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the constitution, but the lines of communication remain. on wednesday, you'll remember a source familiar with the conversation said they did speak by phone, at that point it was the first time in a week they had done so. no reported breakthrough then. and then on monday, the president and speaker were at the same event together. it was a black tie congressional ball at the white house.
FOX
Dec 4, 2012 10:00pm PST
taxes on the wealthy to help deal with the so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt take place in january. >>> we want to ask him about a homicide. >>> live storm tracker 2 picking up showers showing up around the golden gate bridge. when we come back we'll track those and get into showers
MSNBC
Dec 3, 2012 7:00am PST
reaches bipartisan compromise. don't send us over the fiscal cliff. do the right thing. be statesmen. reach a compromise. >> politico put some meal suggestions. this gives a perspective. for this food stamp budget you can get one sandwich two two slices of store brand bread. two slices of cheese. that's $1.24. another option is seven ounz frozen fried fish plank. what's your reaction was when you did this from your constituents and what purpose does it serve for somebody like you or cory booker to do this? >> i got a lot of kudos for doing it. i admire mayor booker for taking on this challenge. don't give us too many can you dose. we only did it for a week. there are a lot of false stereotypes about people living in food stamps. that's not fair. that's not my experience. these are hard-working people. they don't want to be on food stamps. they want to get back into a job where they don't have to live on food stamps. any negative stereotypes should be put by the wayside. if you care about people and kids living on food stamps give money to your local food banks so they can supplement
FOX News
Dec 8, 2012 10:00am PST
york has acknowledged now that this is going to be a tough fight in the congress given the fiscal cliff and some members have not been friendly to disaster relief, but the care with which the package has been put together has given us a good head start. that's a quote from the senators of new york and new jersey, all democrats and we still don't know how much the federal government is ultimately going to write a check for, areas hit by hurricane katrina back in 2005, received a total of more than 120 billion dollars in federal aid when all was said and done, kelly. >> peter doocy, we thank you for that. >> well, we've been reporting this and we have to report it again, it's been a week of little or no progress on the so-called fiscal cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a
CBS
Dec 7, 2012 12:00pm PST
: with the clock ticking toward the fiscal cliff deadline, government workers have joined the push but they want to make sure they're not cut out of the deal. >> federal employees that i represent have offered up $103 billion to the federal deficit. >> reporter: jd cox of the american federation of government employees say they can't afford anymore cuts and going over the fiscal cliff will impact millions of americans. >> there would be a lot of federal employees who would be furloughed or riffed and would lose their jobs. >> reporter: economists say the combination of automatic spending cuts and tax increases that will kick in january 1st if congress and the president don't reach an agreement could plunge the country back into recession. danielle nottingham, cbs news, washington. >> the house is scheduled to formally adjourn by the end of the year on december 14th but house majority leader says they will stay in session until a cred credible solution is worked out. >>> it could be a big day in the battle o of same sex mainly. the -- marriage. the justices are being asked to overturn a
KICU
Dec 4, 2012 11:30pm PST
so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt take place in january. >>> we want to ask him about a homicide. >>> live storm tracker 2 picking up showers showing up around the golden gate bridge. when we come back we'll track those and get into >>> foll
MSNBC
Dec 10, 2012 2:00am PST
together and we would like to announce we have reached an agreement to avoid the fiscal cliff. you agreed to a 1% rate on the top two americans, just two people. i will dissolve social security. dissolve it. so we took it to the republicans in congress and what do they do? >> invited me to a pizza party. >> and when they got there -- when you got there, sir? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then what happened? >> they jumped out and pelted me with eggs. >> fresh eggs? >> rotten eggs. >> rotten eggs. >>> all right. now on to some entertainment news. >>> james bond made history again this weekend at the box office. "skyfall" won this weekend while becoming sony's highest grossing film of all time, taking in $918 million worldwide. the film is close to becoming the first-ever billion-dollar bond. not bad for a 50-year-old franchise. >>> the piano from "casablanca" will be going up on the auction block in new york 70 years after the film's premiere. sotheby's says the piano could fetch over $1 million. noting the unique green and yellow color, something not seen in the black and white film. probably didn't know it was green and yellow, did you? >>> most people would ex
MSNBC
Dec 3, 2012 2:00am PST
the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block the deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> reporter: john boehner dug in. no rate rises on anyone. >> the president's idea of a negotiation is roll over and do what i ask. >> reporter: the opening bid brought the gop leaders by geithner is a nonstarter. >> i was flabbergasted. i looked at him and said, you can't be serious. >> reporter: included in the offer, $1.6 trillion in new revenue, twice what was on the table in last year's failed grand bargain, and $600 billion in spending cuts, much of it from medicare, not nearly good enough,
FOX
Dec 5, 2012 7:00am PST
president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they do come together. >> i think this is all kind of a shadow dance that's going on and i'm not sure exactly what's going on in the background. but i think the whole fiscal cliff is wildly exaggerated. >> a pew washington post poll shows more americans think the president and congress will not come to an agreement on how to avoid the fiscal cliff by the end of the year. 49% to 40%. >>> although the nhl season is still on ice, hockey will return to the hp pavilion in san jose. that's because the minor league will play a game december 17th there. they will take on the stockton thunder. the sharks say their season ticketholders can receive complimentary passes. there's still -- complementary passes. >>> 8:19. who is the most overpaid actor in the world? well, "forbes" magazine says it's eddie murphy. they list murphy at the top of the 2012 list of the most ove
CNN
Dec 10, 2012 11:00am PST
limit to the deductions as part of a deal to avert the fiscal cliff. now, if congress were to enact limits to deductions of, say, $50,000, the rich will pay more regardless of their tax rates. how much more? well, our analysis shows on average $14,000 more. that's it for me from the cnn money newsroom in new york. i'm ali velshi. same time tomorrow. r advanced a. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. visit fastreliefchallenge.com social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> we are getting a preview of piers morgan's interview with bob costas, the
CNN
Dec 10, 2012 2:00pm EST
they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'll see a conclusion to this issue. but it is regrettable that it is this late in the day, given the uncertainty and the apprehension that it continues to create among the american people, and, of course, both within the markets here and abroad. but i think it is hopeful that they have begun to meet and have some discussions because i think we can breathe a sigh of relief that the lines of communication are open. >> are you breathing that sigh of relief? >> i am from the sta
CNN
Dec 5, 2012 9:00am PST
off the fiscal cliff would impact them. today we went to congress, and we delivered those stories, in fact, to every member of congress saying don't put us in an un-bear-able situation. don't throw moms and families off a fiscal cliff. we need to act quickly to fix this situation for women and families and to end the bush era tax cuts for the wealthy so that those folks around the country don't end up paying more than their fair share. >> all right. what can both sides do here, because they're obviously at an impasse, and you say you don't want the taxes to go up for the wealthiest americans. what are youotology give up to make sure that everybody is contributing their fair share? >> i think the first thing that each and every member of congress has to do is listen to their constituents wrrn it's important to note that families are struggling. having a fiscal cliff situation, going on inside the beltway, has a rippling reprecussions for people outside the beltway. we heard stories from people like ruthy who shared with us that her husband is a small business owner. he runs a catering
CNN
Dec 8, 2012 9:00am PST
congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to avert the country falling off the fiscal cliff. >> let's allow higher rates to go up for the top 2%. by doing that alone we raise almost trz z $2 trillion. >> increasing rates will hit small businesses that produce 60 to 70% of the new jobs in our country. >> most americans agree with the president. a majority say they are okay with raising taxes on people with incomes over a quarter million a year. this poll is one of three surveys out over the past week and a half to indicate the public gives a thumbs-up to raising taxes on high earners. the polls indicate a big partisan divide with democrats and independents supporting such a move and a majority of republicans opposed. the polls also suggest that most people want cuts i
FOX News
Dec 5, 2012 3:00am PST
congress on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off your list. >> brian: not a world. can we agree as well that is our secret
ABC
Dec 3, 2012 5:30pm PST
president until the fiscal cliff is avoided. unlikely, but a reflection of voter frustration as both sides dig in. the white house demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnig
Current
Dec 5, 2012 3:00am PST
from members of the business round table, amid a debate over the fiscal cliff. the group is urging congress to take immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to com
CNBC
Dec 7, 2012 1:00pm EST
that's why in the fiscal cliff negotiations it would be counterproductive if congress cut invest. >>> in education and job training to "reduce the deficit" in a way that would impact future economic growth. we've got to fix the workforce investment, the job training system in the united states to prepare people for the types of jobs that ceo has. >> you've been there, you've had to forge deals between warring constituencies. fiscal cliff. what would the solution be if you were handling it? >> i like the idea of the president, john boehner, the key players, getting together with no staff in the room. the second thing, they've got to be guided by a couple of things. number one, what is best for the nation? not my party, not my philosophy, not necessarily my politics. number two -- >> you'd like it one on one. >> editd' i'd like it one on on discuss specifics in a one on one way. second, they may agree there should be short-term steps and long-term steps, i think we can get there. the nation is counting on them doing something significant. >> saints/giants this weekend? >> i've got
ABC
Dec 4, 2012 4:30am PST
continues in washington between congress and the white house over the so-called fiscal cliff. this morning president obama will host some of the nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on the top 2% of income earners. republicans counted with a 2.2 trillion dollar deficit reduction plan, 800 billion dollars in revenue, but didn't call for raising tax rates on wealthy. the proposal was quickly ejected with the white house. >>> new -- rejected by the white house. >>> new poll shows -- gallup asked americans to rate honesty and ethical standards car salesmen got lowest marks 8% marked them high or very high. congress is just above them, only 10% scored in the top two categories to be honest. journalists 24%. top of the rankings, nurses, 84% of americans gave them the highest marks and of course meteorologists right behind that >> i was going to say even though it is not darn -- not a 100% science -- [ talking over each other ] >> 100% science that has accuracy, a little less -- okay stop digging. [ talking over
CSPAN
Dec 9, 2012 9:35pm EST
the so-called fiscal cliff negotiations between congress and the white house. >>
CNN
Dec 7, 2012 1:00pm PST
never been stronger. >>> one group of americans not taking the looming fiscal cliff sitting down, seniors, turning out in droves in washington with a strong warning to congress. lisa sylvester has details. >> wolf, the aarp is a powerful group in washington, it spent about $7.5 million on lobbying this year. but its real strength may be the grass roots efforts with a large number of senior volunteers, and right now their aim is to keep social security and medicare intact. jean has often traveled to washington from her colorado home. this time, the 70-year-old retiree is here as a volunteer with the aarp. she and other seniors are blanketing capitol hill with a single message, hands off. >> we're very concerned. we don't want medicare, medicaid, and social security to be used as part of deficit reducing bill in such a short period of time. >> the clock is winding down towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an a
MSNBC
Dec 10, 2012 2:00pm EST
it's we the people that demand that the politicians and congress resolve this fiscal cliff but resolve in it a way that makes our country stronger. >> let me bring in the "news nation" political panel. neimalik henderson and goodfreend and contributor michael smerkonish. you the people, you talk to folks all day long on the radio show that you have that's syndicated in cities and states. what do you make of the president picking up where he left off so often going straight to the folks at snoem. >> he is really mained a full court press that began in the campaign season and never ended after election day and i think that two-prong attack you reference is good politics and seems to be working in large part because there's a vacuum within the republican party or on the right generally. you could say speaker boehner is the head now for negotiation purposes but i don't think anybody is really the president's equal in this dynamic and he's exploiting that to great advantage. >> let me bring you in on this, david. last week we discussed this, as well. the first read team pointed out we see a
CNN
Dec 8, 2012 2:00pm PST
. right now, you don't owe taxes on the forgiven debt, on the other side of the fiscal cliff, you do. it expires on december 31st, unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. and if this tax break goes away, as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depends on the tax bracket they're in, but on average, it would be about 20 to $25,000. the banks have an extra incentive to sell short and absorb the loss. the nation's biggest lenders get a credit for short sales as a form of foreclosure relief. foreclosures also sell on average for $30,000 less than homes sold via short sale. so as we near the fiscal cliff, you can expect short sales even more as homeowners get hit with bank taxes and banks get stuck with foreclosed properties. if we go over the cliff, the taxpayer's base with a short sale may be steep enough to walk away instead. and that would push the fiscal cliff higher for 2013. i'm christine romans. >>> all right, pay attention to this, it
PBS
Dec 4, 2012 4:30pm PST
: we turn tonight to other opinions on the fiscal cliff impasse. we talk with the chairman of the national governor's association, and we also hear from a leading advocate for responsible fiscal policy. we begin with governor jack markell, the democrat from delaware. he was one of six governors meeting with president obama today to talk about how the fiscal cliff impacts their states. i asked him what was his message to the president. >> our message was pretty straightforward. we believe that it is important that governors have a seat at the table as the president and leaders in coness are negotiating issues around the fiscal cliff. we think it is really important that they get something done because, obviously, if tax rates go up on middle-class americans come next month, it will be bad for those middle-class americans, it is will be bad for our states, and we're concerned about both the fiscal side and the economic growth side. >> susie: so talk to us a little bit about what kind of deal you would like to see. what were you proposing to the president? >> let's put it this way, i
FOX News
Dec 3, 2012 8:00am PST
for a long time we have got leaders that though we can't go over the fiscal cliff and they have to get in a room and start talking. jon: as a watcher of washington, debbie, you've been telling spouses of medical members of congress, don't buy a turkey for instance. >> well, they can buy a ushg it can i but i warned them for weeks do not expect to see your spouses until christmas. i am one who think they will work between christmas and new year's. they do understand how serious this is. that's what they're elect to do, govern, e. jon: matt, what i've seen own sunday shows both sides are hardening. >> i worked for a president who faced challenges when he went into his re-election with hurricane katrina. what can happen at beginning of second term, we saw this with ronald reagan, we've seen it with so many presidents, their second terms seem to be a little bit of disappointment, don't live up to what they accomplish in the first term. one of the problems with president obama he rolled out of this election thinking he won the election, he can can set the terms of conversation. he needs to remember the republicans control the house of representatives. they understand their political fate is tied to working with the presiden
CNN
Dec 10, 2012 1:00pm PST
go over the fiscal cliff. >> where's congress right now? they're home. where's congress most of the time? at home. president obama is going where the votes are. he's going to lobby members of congress. where theically ay live and whe work. also, he has long opposed right to work laws. he believes they undermine wages for our workers and undermine benefits so he's also right to go to michigan and stand up for worker's rights. >> he's not negotiate, he's pressuring. president obama is working on the philosophy, this line attributed sometimes to al capone, you get more with a kind word and a gun then you get with a kind word alone. what he's doing is, he's got the advantage, the upper hand, putting his gun on the table. this is not about negotiation. he's not interested in an answer with republicans. he's interested in breaking the republicans on the tax pledge. that's his goal and he's applying pressure to attain it. >> we'll see if he succeeds or fails. thanks, guy, so much. >>> a crash in gas prices as americans hit the roads for the holidays. up next, we're to tell you what's behin
FOX Business
Dec 9, 2012 10:00pm EST
, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this countr are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do you say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actual some pretty strong incentives for the president to take the country over the
FOX Business
Dec 6, 2012 6:00pm EST
congress is doing nothing at all. the fiscal cliff already taking its toll. rich homeowners in the pants hamptons. millionaires are dumping digs at discount prices before capital-gains tax rates are expected to jump january 1st. for more let's bring in real estate mogul barbara corcoran, founder of the corcoran group. welcome back to the show. >> thank you, gerri. gerri: always great to have you here. do you think people out there dumping properties in advance of december 31st? >> first off, they don't have very much time left. it usually takes more than two or three weeks to sell a house. what is more the truth people are using it as excuse. i will get a great deal on my house only if you close by december 31st. doesn't really happen. gerri: it is a good negotiating tool. >> it is a good little trick a3 million house selling to a guy with $3 million to spend. guess what? he will not fall for a trick like that. -phe will negotiate hard like he always does. gerri: talk about one of those issues that has been at the margins of the conversation on the fiscal cliff. do we get rid of the mort
ABC
Dec 5, 2012 6:30pm EST
americans have been put on notice, as we approach that fiscal cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check, her lifeline. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she's not alone. without a deal, unemployment compensation will end for more than 2 million people who've been out of work for more than 26 weeks. many of the unemployed started receiving the news this week from pre-recorded phone calls, like this one in washington state. >> emergency unemployment compensation shuts off at the end of december unless congress votes to extend the program. >> reporter: and, of course, going off the so-called fiscal cliff means a tax
CNBC
Dec 10, 2012 4:00pm EST
fiscal cliff talks. the president today making the argument that he's the guy in this debate that wants to lower american taxes. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. it's true. y'all don't like that, huh? >> and you can tell how confident president barack obama knows how positive his polls are on his side of this issue. but on the game where he's campaigning publicly and negotiating privately. as you said meeting with john boehner at the white house yesterday. and clearly the president is meeting with republicans and then checking back with democrats. we see this pattern now a couple of times last week he met with or spoke to boehner. and then met with nancy pelosi, the democratic leader on capitol hill. today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in c
FOX News
Dec 10, 2012 5:00am EST
automatic spening cuts known as the fiscal cliff that will take place in january from congress and they may strike a budget deal by then. economists think it could downs back in november with unemployment still high the trend remains weak because households don't have the income to spend. that ties in with the borrowing numbers as well. credit card usage has gone 17 percent since the 2008 credit cli cries lis. the category auto and student loans is 22 percent higher. they get training for new careers. >> diane macedo from the fox business network it is 14 minutes before the top of the hour. you could call them a mosque carade. it promised to be a lot more than a praise of prayer. turns out that is all they are doing there. we will tell you the details. >> they were trying to wreak havoc on the neighbor's decorations. check with steve doocy to see what's coming up. >> thank you very much. exactly. 13 minutes before fox and friends kicks off. who says there's no such thing as a free lunch. whoever said that has to dine with uncle sam. millions of dollars of tax payer money feeding children fo
Comedy Central
Dec 3, 2012 7:00pm PST
ready to submit. what's everybody talking about? >> the fiscal cliff. >> stephen: fiscal cliff, yeah. >> trillions of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the space is at the bottom not up here where this guy is standing safely. >> that's right. >
FOX Business
Dec 6, 2012 7:00pm EST
driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dictator trying to maintain command of the country using chemical weapons as a deterrent. fox news chief washington correspondent james rosen has the latest for us in this report. >> a regime helicopter captured in the skies in syria in a video unloads something, most likely, a defensive flair to detour antirebel runners, but that epitomizes the fear of which the serian people now live. rebel forces taking the flight to the assad regime inside the capital with a deadly explosion in the arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fighting takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, in particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. offici
ABC
Dec 9, 2012 9:00am EST
to keep inind as we head f the fiscal cliff. according to recent pololl, only 4 in 10 americans expect the white house and congress to reach a deal before the first of the year, and ondthis does goes out,t, 5 53% of the american people are apparely prepared to blame republicans t president's job approval rating is over 50% congress' is under 20%. why y would the president back down? >> it is safe to say that the prident is n interested in a balanced agreement, he is not particularly intererted in avoiding the fiscal cliff, and he is not interested at all in cutting spending. >> the senate minority leader adds that what the president is interested in is getting as s much taayer money a as he can said that he can spend to his heart's contntent. wiwith hispproval ratings going up and congress' at historic lows, why would t president back down, charles? >> to some extent he is underestimating the dama he woduffer if we e go over the cliff. for suret will hurt republicans in congress, and that is why democrats in congressss are relishing going over theliff. but obama is not running again unlike democrats in the congress.
KRON
Dec 3, 2012 7:00am PST
the estimated $19.6 billion spent on hurricane katrina. >> 28 days until the fiscal cliff that will kick in if congress does not act. president obama and republicans seem to be playing a game of political chicken right now. the president's proposal as 1.6 trillion in hired taxers over the next couple of years. he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is on this and not picking up debris. >> we get a dry day today but not for a long >> we should expect them rally later on tomorrow in the evening hours. it will pick up in intensity wednesday morning. tomorrow will be a -- today will be a dry day in the bay area. a cold start to the morning and low '40's for napa fairfield and 50 ou
CNN
Dec 2, 2012 1:00pm PST
congress and the white house tomorrow, making head way on the fiscal cliff. and stopping automatic spending cuts and instant tax hikes from hitting every american. negotiations between the who is and congress has stalled, john boehner calling it a stalemate. there are 30 days to go. charles, draw me a picture, how does this end? is staking out their positions, and really coming and enjoying the ring around the area where they are lease protecting where they want to advance, so the presidents and the democrats are basically outlining the increased revenue side of the spectrum. and the republicans are looking at it and saying come to the table and tell us what you're going to do in terms of cutting entitlements and spending. so both of them are now at this phase where it looks like they're at lagger heads. i happen to believe that we don't know what's happening behind the scenes. some of this can just be political posturing, we don't know the discussions that are being had in private and no one wants to be the person who blinks first. the president and democrats say we won, why should we blink first. and boehner is trying to protect his job. he has to keep his promise in congress. and that is go
CNN
Dec 10, 2012 9:00am PST
the need to avoid going over the fiscal cliff and what his solution to that is. that would require that the top 2% of americans pay higher taxes. that is something he's been talking with republicans in congress about and believes is nonnegotiable. shaking hands there, and we're looking at the venue as well. that's where he's going to be speaking at the auto plant at the top of the hour. also saw the president last night at the christmas in washington charity concert in d.c. that event was hosted by conan o'brien and featured the legendary diana ross and psy, who was greeted by the president. the president did not attempt psy's signature dance, gangnam style. they were talking yesterday, but the president did suggest he thinks he can do it. he thinks he can do that dance. we're going to see if that actually ever happens. there was some controversy, however. psy apologizing on friday for anti-american rap performance he did eight years ago. it all seems to be patched up and worked out now. >>> also want to tell you about this extraordinary girl. she was living in one of the poorest places on earth, a slm in uganda. she discovered chess and turns out to a progidy. she inspired a documentary and book.
CNN
Dec 10, 2012 12:00pm EST
congress, to avoid the fiscal cliff. taking his message directly to the american people. we'll have more after the break. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time or just one laser out of one eye? [ all kids ] two! [ moderator ] okay, why? if it's just one beam -- okay, it does a little bit of damage. two beams -- it will make something explode! and that's more fun? yeah! and it's more powerful you're saying? yeah! [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ >>> looking at pictures there of president obama with a crowd. this is in detroit, michigan. he just stepped off of air force one and he's greeting folks on the tarmac. they
MSNBC
Dec 10, 2012 11:00am EST
fiscal cliff, but resolve it in a way that makes our country stronger. that's why the president's come here to metro detroit. we're the home for u.s. manufacturing. also we're the home for the american worker. we need to resolve our fiscal problems, but resolve them in a way that continues to investigation in training and educating our workers and advanced manufacturing and also providing the revenue that we need to still provide health care to our seniors and social security to those who depend on it. >> sir, let's talk about getting to the sensible center here. because as the politico poll that i referenced earlier off the top of the show indicates, 59% oppose significant cuts to defense but 75% favor across the board spending cuts. so where are you and other colleagues willing to start with those spending cuts? i mean, what are democrats willing to put on the table specifically? >> well, first of all, i've spoken to many republicans in the house. i'm one of the most liberal democratic members of the house, but i have great relationships with the republicans. all of us want to r
CNN
Dec 8, 2012 3:00pm PST
programs including defense, health care and housing assistance are being called the fiscal cliff. the only way to i void it is for president obama and congress to make a deal, cutting spending and raising revenue. adding to the sense of urgency. news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had one phone call with the president of the united states and he said it was just, "more of the same." now counter offer to what the republicans put out during the week which was $800 billion in new tax revenue. so there's certainly a lot of frustration. particularly right now on the side of republicans who understand that democrats have the leverage right now. but on friday, the speaker did do something that seemed to in
FOX
Dec 5, 2012 5:00pm PST
about the fiscal cliff. members of the group delivered teddy bears to lawmakers saying that, quote, can't bear more than their fair share. they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on capitol hill in an effort to dlsh there has been talk of capping the deduction but nonprofit leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of america
MSNBC
Dec 7, 2012 10:00am PST
the press," the fiscal cliff debate. the latest between house republican whip kevin mccarthy and assistant senate majority leader dick durbin, the two men who have been at the table. congress hearing from all sides on the fiscal cliff and heading up a coalition of business and economic leaders in the fix the debt campaign, where do you sense the players are right now in terms of whether they'll go interest a small deal, band-aid approach or grand bargain. >> the good news is while it's a nail biter, that's for sure, we all wish we could solve some of these problems without going to the brink like we do in politics, i think they're going to get this resolved and be able to put in place a plan not just to avert the fiscal cliff, but importantly to really tackle the deficit and debt problems in this country. i am concerned that deal won't be big enough. is it going to be small or medium or big. we need a plan big enough to fix the deficit problems and make sure the debt is no longer growing faster than the economy. we're not going to be able to balance the budget in the near future because the fiscal hole is so big. you want to make sure the debt is not growing faster than the econom
CNBC
Dec 4, 2012 11:00pm EST
on vacation without the notion. the fiscal cliff glasgows from being half full to half empty that's where we want it, and once it's half empty, it's much more immune to disappointment. that's because those hoping for a deal will be gone. checked out, sold. replaced by three types of strongholders. get this. first like when the debt ceiling was raised. a move that countered for a huge chunk of the markets. these people believe that some kind of deal is inevitable. they think selling now is tantamount to giving up the bottom. the second set. they feel it won't have much of an impact on the economy. they believe we won't go into recession and the whole thing is over, done. mellow drama even. they think fearmongers. and this is their group of strong holders. a little time passes, they think, hey, should be better off going over the cliff. rich will pay more of their fair shares and higher taxes on dividends. government spending sliced where it should be and and the bloated defense budget. unnecessary social programs. me? i think we aren't where we need to be yet when the it comes to aba
NBC
Dec 6, 2012 6:00am EST
agreement on the fiscal cliff. more than 500,000 defense industry jobs could be lost next year. stock futures this morning are quiet again here today. stocks were higher yesterday with the exception of the nasdaq. shares of apple dropped the most inuit four years. there is a suitor for wonder bread. if a bidder does by wonder bread, there's no -- nonbinding offers are due by monday. millions of young girls learning how to make cakes in the easy bake oven. one girl said it should be marketed to boys as well. ask the hasbro to drop the pink colors. her brother is asking one for christmas. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> thank you very much and have a great day. >> 6;20. terrell suggs is out again. >> here is a look at last night's winning maryland lottery numbers. hope you have them. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. not bad out there. a few delays starting to form. up to speed on the harrisburg is press way. down to bodoni,
CNN
Dec 7, 2012 4:00am PST
two men to try to keep america from going over the fiscal cliff. 25 days and counting from the massive tax hikes and spending cuts. congress breaking in a week for the holiday. so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would happen all along. ultimately this was a process that would come down to president obama and house speaker john boehner brokering a deal. very much the way you saw they attempted to do during the debt ceiling debacle last year. it simplifies the problem of less cooks in the kitchen. then they will have to sell it. president obama would have to bring in democrats. john boehner would have to bring in his republicans and make sure everyone is on board. this comes on the heels of wha
MSNBC
Dec 6, 2012 11:00pm PST
poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway in virginia. >> this is why i want you and chris on. what is the president hoping to get done? what's his time frame? does he believe in the cliff or does he think it's a bungee jump? >> no, he truly believes in the cliff. he has been getting -- and he's getting economic warnings from his own team that say, don't believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will go into recession. >> therefore, let's go to the therefore now, can he arrange a cred
NBC
Dec 5, 2012 5:00pm EST
downtown. their message no social security over the fiscal cliff. >> 28 days from today if nothing happens in congress, we're going to get hit here at social security with a 5.5% cut. >> social security advocates say that if congress does not come to an agreement there will be a layoff of 1,000 employees and employees that are kept on could see a 10% pay cut. a new report shows how strong an economic force is for the city of baltimore and the state of maryland. according to researchers it pulls in nearly $28 million a year. we should mention the people who exchanged this report they are seeking a grant from the state. they are the top paid tourist attraction. another interesting note here, most of the visiters coming out of state and they say the aquarium was the main reason. move over plastic gift cards starbucks is offering its first premium gift card. they are releasing the starbuck's steel card which cost $450. starbucks says it costs $50 to make the card which is made of steel instead of plastic. they go on sale this friday. >> wouldn't you hate to lose one of those? it was a hot day today for the super
MSNBC
Dec 8, 2012 4:00am PST
stalemate over the fiscal cliff, now the subject of a petition on the white house website. demands everyone in congress forfeit their paychecks and health care benefits until the deal is reached on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> yo
NBC
Dec 7, 2012 5:00am EST
cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks with opposition leaders. this comes after a violent week in cairo. on wednesday night, six were killed and nearly 700 injured in protest outside morsi's palace. >>> this morning d.c. mayor vincent gray will announce a new flood pr
CBS
Dec 7, 2012 5:00am EST
stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fiscal cliff. maryland senator democrat ben cardin sa
KRON
Dec 4, 2012 5:00pm PST
in just a bit. >> the president and lawmakers only have 28 days before the fiscal cliff. there is not enough time to make a comprehensive deal including tax reform and fixing medicare. he wants congress to do a downpayment toward freezing tax regs for the wealthy and putting off a hard work until the beginning of the new year. however, he has to win over the republicans to make that happen. president obama hit with some tough questions surrounding the fiscal cliff negotiations. and it all surrounds talks boener... or lack there of! news. >> the president and lawmakers have only 28 days now.. to make some kind of deal before the country hits the so-called fiscal cliff. president obama says, there isn't enough time to do a comprehensive deal including tax reform and fixing medicare. so he wants congress to do a down payment by raising tax rates for the wealthy "now"... and putting off the hard work until next year. but, as jessica yellin reports, he has to win over the republicans to make that happen. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> "unfortunately, the speaker's proposal right now is still out of balance he talks, for example, ab
CNBC
Dec 5, 2012 1:00pm EST
likelihood that a divided congress can get a deal on the fiscal cliff before we hit it. represents tim walls is a democrat from minnesota who filed a petition yesterday to force a vote on extending tax cuts for the middle class. congressman, good to have you with us. >> thanks for having me. >> i have to say that the optic beioptics of congressman leaving the capitol right now for another long weekend is extraordinary poor. it is disappointing and to many it is outraging. what do you say? >> i think it is outrageous. i couldn't agree with you more on that. these are good folks. each one of us was elected to represent 650,000 people. i heard it -- i think everyone of the other floor members heard it -- they're tired of the bickering, they're tired of the cliff talk. they want to us compromise and get something done. i proposed yesterday let's find the xron ground. we all agree that tax rates should not go up on folks make makeing $250,000 or less. a family. >> when congress goes home today for a long weekend, who pays for the travel? >> the taxpayers pay for it. they just flew us out on
MSNBC
Dec 9, 2012 12:00pm EST
is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, what is your response to that? >> well, look. the people who lost this
MSNBC
Dec 2, 2012 1:00pm PST
. congress before the big fiscal cliff fight. it's time for the house freshmen to choose their offices. on friday, the reps picked their office number from the congressional office lottery, where they were apparently encouraged to do some sort of superstitious dance to help pick the best number, and they did not disappoint. that's a cartwheel, that's a congressman's aide, another aide apparently played journey's "don't stop believing" on their phone before giving it a go. yeah, they are taking it seriously. >>> in just a couple hours from now, the kennedy center honors gala begins. including led zeppelin, david letterman and dustin hoffman. right now, the president out enjoying some afternoon golf with those guys. former president bill clinton, former dnc chair terry mccauliff and ron kerr. it's the president's third outing since winning reelection. only the second time ever, though, he has played golf with former president clinton. president obama has a full day today. >>> coming up, as another u.s. base comes under attack in afghanistan, we will look at what the war on terror will look l
CNN
Dec 4, 2012 1:00pm PST
on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class americans on twitter, keep pressure on congress. he's even ventured outside the beltway rallying supporters to do just that. >> i'm going to be asking for you to be making your voices heard. >> reporter: why isn't he calling speaker boehner? >> we speak frequently. >> reporter: when will the two of you sit down in a room? >> i don't think the issue right now has to do with sitting in a room. >> reporter: in part, the white house was burned with the negotiations in 2011 when lots of meetings failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news
CNN
Dec 2, 2012 9:00am PST
for joining us. >> thank you. >>> will congress beat the clock on the fiscal cliff? >> there's a stalemate. let's not kid ourselves. >> democratic senator mark kelli ayotte are here next. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. sa
CNN
Dec 2, 2012 6:00am PST
clock on the fiscal cliff? >> there's a stalemate. let's not kid ourselves. >> democratic senator mark warner and republican senator kelli ayote are here next. [ female announcer ] the humana walmart-preferred rx plan p-d-p gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. in a triple action formula to relieve your tough migraines. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charg
CBS
Dec 6, 2012 6:00pm PST
trip to virginia today to highlight his fix for the "fiscal cliff." the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 reporter mike sugerman tells us some small busines
NBC
Dec 5, 2012 7:00pm EST
way to run the country off the fiscal cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> here is some indication of how partisan and paralyzed washington is these days. it was big news this afternoon when the white h
MSNBC
Dec 5, 2012 6:00am PST
dive into the deep cuts that the pentagon faces if congress does actually go over the fiscal cliff. you're watching "the daily rundown." ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. yofor giving the perfect gift?le just have a knackve gas. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dolla
NBC
Dec 7, 2012 6:00am EST
concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far no charges have been filed against the driver. >>> a video posted online is sparking an investigation of a metro bus driver. check it out. this video appe
CBS
Dec 9, 2012 5:00pm PST
terms of congress, so we'll see. immigration reform, once they get through the fiscal cliff, by all wantch objects there could be movement on that in the new year. >> schieffer: all right. we're going to take a break right here and when we come back we'll talk about all this and some other stuff going on in washington. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> schieffer: we're back now with our panel. joe klein, let's get back to something else that happened this week in the senate that shows this is kind of a different place than it once was and i talked about this in my commentary. this i
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